$BTC
4.16 BTC.ETH Intraday Analysis
Today, for Bitcoin, it is crucial to focus on the key level of 84500. From the 4-hour perspective, if the price cannot stay above 84500, it indicates that the strength of the small-scale rebound is insufficient, and the subsequent movement is likely to be sideways consolidation or a downward trend. The key support below is at 83000, which is the bottom of the daily consolidation area. If the price cannot break below 83000, a small-scale rebound may occur; once it breaks below, the price is likely to decline further. Additionally, pay attention to the areas around 81500 - 80200 - 78930, as they may all become potential support levels.
Conversely, if today Bitcoin can steadily stay above 84500 on the 4-hour chart, then this 4-hour level correction can be considered truly over, and the upward trend will continue. At that time, the resistance above needs to be monitored at levels around 86100 - 87250 - 88500.
Today, pay particular attention to the level of 1620. In the 4-hour trend, if the price cannot stay above 1620, it indicates that the strength of the small-scale rebound is insufficient, and it may fall into a sideways or downward trend. The support below can be observed at levels around 1575 - 1545 - 1505.
If today Ethereum can successfully stabilize above 1620 on the 4-hour chart, it means that this 4-hour level correction has ended, and the upward trend will continue to expand. At that time, the resistance above needs to be noted at levels around 1656 - 1690 - 1731.